Technological proliferation in the field of big data analytics, machine learning, artificial intelligence (AI), and Internet of Things (IoT) is expected to positively impact the market for Human Resource Management (HRM). Various solution providers are developing innovative solutions that integrate upcoming technologies into HR systems for enhanced organizational performance.

HRM solution providers are focusing on developing software/solutions that easily integrate with mobile apps, thereby enabling employees and employers to access information pertaining to time and attendance, leaves, and performance status from their personal devices.These features increase transparency across organizational departments and provide flexibility to managers to access data anytime and anywhere across the globe.

Increased cloud deployment across all industries is expected to accelerate the demand for HRM solutions over the forecast period. Use of cloud technology enables various Small & Medium Enterprises (SMEs) to adopt modern HRM solutions at reasonable prices without the need to constantly upgrade or replace systems.

The global human resource management market is expected to register a CAGR of 10.4% over the forecast period, owing to significant demand for automation of HR processes and need to streamline business processes

Core HR software is projected to expand at a CAGR of 9.4% from 2017 to 2025, owing to extensive application in managing employees across the globe

The talent management software segment is anticipated to grow at the fastest pace and register a CAGR of 13.0% over the forecast perod, owing to features such as attracting, recruiting, and retaining human assets in an organization

Post the implementation of HRM software, organizations require support and maintenance services from vendors. This is expected to increase the demand for support and maintenance services, enabling it to register a 13.7% CAGR over the forecast period

Demand for hosted deployment is expected to increase over the forecast period owing to easy integration with other systems, ease of use, and reduced costs. The segment is anticipated to reach USD 13.8 billion by 2025

Demand in Asia Pacific is anticipated to grow at a significant rate and the market will reach a value of USD 6.5 billion by 2025, owing to rapid industrialization and digitization initiatives taken by various governments

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.